Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement $47,000 31,300 Sales Cost Taxable income Taxes (35%) $ 15,700 5,495 Net income $10,205 Dividends Addition to retained earnings $2,500 7,705 The balance sheet for the Heir Jordan Corporation follows. Based on this information and the income statement, supply the missing information using the percentage of sales approach. Assume that accounts payable vary with sales, whereas notes payable do not. (Leave no cells blank - be certain to enter "O" whenever the item is not a constant percentage of sales. Round your answers to 2 decimal places. (e.g., 32.16)) Percentage of Sales HEIR JORDAN CORPORATION Balance Sheet Percentage of Sales Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Assets Current assets Cash Accounts receivable Inventory $ 2,950 4,100 6,400 $ 2,400 5,400 Total $ 13,450 Total $ 7,800 $28,000 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings $ 15,000 3,950 Fixed assets Net plant and equipment $ 41,300 Total $ 18,950 Total assets $54,750 Total liabilities and owners' equity $ 54,750